Condé Nast CEO Roger Lynch Is Stepping Down
Lynch is departing for Mattel after more than seven years in the role. A successor has yet to be announced.
Condé Nast's CEO Roger Lynch is resigning to assume the leadership position at toy manufacturer Mattel. Lynch, who has been with the media company for seven years, announced his decision in a letter to employees on Wednesday and posted the news on the company’s website. Vogue Business was the first to report on the change. Throughout his tenure, Lynch has overseen a significant transformation at Condé Nast, unifying previously isolated international publications under a single global editorial structure with The New Yorker remaining under chief content officer Anna Wintour's authority.
The company has also ramped up its investment in events, such as last week's Vogue World in Milan. Under Lynch's leadership, commerce revenue grew by 170% and digital subscriptions increased by 155%. The identity of Lynch's replacement has not been disclosed yet. Mike Perlis, an independent director at Condé Nast, will temporarily serve as the company's CEO.
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